Category — Highlights of Companies Act

(As passed by the Lok Sabha on 18.12.12, by the Rajya Sabha on 08.08.13 and received assent from the President on August 29, 2013) Reason behind new law? The promulgation of the new law is a step towards globalization and is a successful attempt to meet the changing environment and is progressive and futuristic duly envisaging the technological and legal developments. Increase in number of Companies from approximately 30,000 in the year 1956 to 11,00,000 in the year 2013. Introduction The Act comprises of 29 chapters, 470 Clauses with 7 Schedules as against 658 sections and 14 Schedules in the [...]

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